There is a new app available that makes a game out of eating well and losing weight. This got me thinking about whether the same could be done for personal finances.
Imagine a game that has access to all your account balances and can assess the state of your finances and whether the latest changes have been a step forward or a step back. Cleverly tying this into game play might provide the kind of incentive many people need to manage their money well.
There are obvious security concerns with giving some app access to your accounts, but I think it is possible in principle to do this safely (possibly with the cooperation of banks). The app would only need account balances; it wouldn’t need the ability to make transactions.
It would probably take several iterations of uninspired versions of such a game to finally get to something that would actually affect people’s behaviour, but I can see the possibility of this working extremely well.